Insider Selling: Armstrong World Industries Inc (AWI) SVP Sells 35,773 Shares of Stock
Armstrong World Industries Inc (NYSE:AWI) SVP Mark A. Hershey sold 35,773 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $70.03, for a total value of $2,505,183.19. Following the sale, the senior vice president now owns 38,516 shares of the company’s stock, valued at approximately $2,697,275.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of AWI stock opened at $70.15 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.24 and a quick ratio of 2.01. The company has a market capitalization of $3.64 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.13 and a beta of 1.74. Armstrong World Industries Inc has a 1 year low of $49.25 and a 1 year high of $73.45.
Armstrong World Industries (NYSE:AWI) last issued its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The business had revenue of $248.60 million during the quarter, compared to analysts’ expectations of $245.81 million. Armstrong World Industries had a return on equity of 41.92% and a net margin of 15.18%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. analysts predict that Armstrong World Industries Inc will post 3.74 earnings per share for the current year.
A number of equities research analysts have recently issued reports on AWI shares. Zacks Investment Research cut Armstrong World Industries from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine upgraded Armstrong World Industries from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $68.00 price target on shares of Armstrong World Industries in a research note on Friday, July 20th. Finally, SunTrust Banks boosted their price target on Armstrong World Industries to $78.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $66.71.
About Armstrong World Industries
Armstrong World Industries, Inc designs, manufactures, and sells ceiling systems primarily for use in the construction and renovation of residential and commercial buildings worldwide. It principally offers mineral fiber, fiberglass wool, and metal ceiling systems. The company produces suspended mineral fiber and soft fiber ceiling systems; suspension system (grid) and ceiling component products; and acoustical ceiling, wall, and structural solutions.
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